SC terms Qasmi ap­point­ment as PTV Chair­man, his ac­tions il­le­gal

The Financial Daily - - FRONT PAGE -

IS­LAM­ABAD: Re­im­burs­ing sub­stan­tial amount of Rs197.9 mil­lion may be pos­si­ble in re­sponse to Supreme Court ver­dict that de­clared a lit­er­ar­ian Ataul Haq Qasmi ap­point­ment against the slot of Chair­man Pak­istan Tele­vi­sion il­le­gal but how it would be fea­si­ble to re­verse all ad­min­is­tra­tive ac­tions he took dur­ing ten­ure in of­fice from De­cem­ber 23, 2015, to De­cem­ber 12, 2017.

An­nounc­ing its 48-page re­served ver­dict in a suo moto case over Qasmi' ap­point­ment ten­ure in of­fice on Thurs­day Supreme Court not only de­clared ap­point­ment of Ataul Haq Qasmi il­le­gal but also asked Qasmi and three oth­ers to re-pay Rs197.9 mil­lion to na­tional kitty amid declar­ing all ad­min­is­tra­tive ac­tions of Qasmi be­yond the scope of du­ties of

presents terms of agree­ment for a bailout pack­age that are "not amenable to us", the coun­try will not have to com­pro­mise and clar­i­fied no such terms had arisen as yet. Call­ing the IMF a "lender of the last re­sort", he fur­ther added that go­ing to the IMF is not a de­sir­able op­tion and both mil­i­tary and demo­cratic gov­ern­ments had re­sorted to IMF bailout pack­ages in the past.

The fi­nance min­is­ter pointed out that pre­vi­ous gov­ern­ments were also bailed out in their first 6 months as pre­vi­ous gov­ern­ments had racked up debt and left it for suc­ces­sive gov­ern­ments.

"This would be the last time Pak­istan would have to do this," claimed the fi­nance min­is­ter.

Umar said the coun­try could ex­pect good news from China as the gov­ern­ment had re­ceived as­sur­ances from the Chi­nese head of state Xi Jin­ping that the coun­try would as­sist Pak­istan with im­me­di­ate fi­nanc­ing and in in­creas­ing ex­ports to China. With this, he as­sured the im­me­di­ate bal­ance of pay­ment cri­sis has ended.

Re­fer­ring to the re­cent in­crease in elec­tric­ity prices,

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